SB 3498

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Small Business-Incentive

Abstract

Amends the Small Business Job Creation Tax Credit Act. Creates a second set of incentive periods beginning on July 1, 2020 and ending on June 30, 2026. Provides that the credit shall not exceed $5,000 per employee hired. Provides that the maximum amount of credits allowed is $75,000,000. Effective immediately.

Bill Sponsors (8)

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May 15, 2020

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020

May 07, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020

Senate

Rule 2-10 Committee Deadline Established As May 22, 2020

Apr 30, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020

Senate

Rule 2-10 Committee Deadline Established As May 15, 2020

Apr 23, 2020

Senate

Rule 2-10 Committee Deadline Established As May 7, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020

Apr 16, 2020

Senate

Rule 2-10 Committee Deadline Established As April 30, 2020

Apr 12, 2020

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Mar 25, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020

Senate

Rule 2-10 Committee Deadline Established As April 24, 2020

Mar 18, 2020

Senate

Rule 2-10 Committee Deadline Established As April 2, 2020

Mar 05, 2020

Senate

Added as Co-Sponsor Sen. Cristina Castro

Senate

Added as Co-Sponsor Sen. Julie A. Morrison

Mar 04, 2020

Senate

To Subcommittee on Tax Exemptions and Credits

Feb 28, 2020

Senate

Added as Co-Sponsor Sen. Suzy Glowiak Hilton

Feb 27, 2020

Senate

Added as Co-Sponsor Sen. Laura M. Murphy

Senate

Added as Co-Sponsor Sen. Michael E. Hastings

Feb 26, 2020

Senate

Added as Co-Sponsor Sen. Antonio Muñoz

Senate

Added as Co-Sponsor Sen. Terry Link

Feb 25, 2020

Senate

Assigned to Revenue

Feb 14, 2020

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Ram Villivalam

Bill Text

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Sources

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